Infosys shares are trading higher after the company reported better-than-expected Q3 revenues and raised the bottom end of its FY24 revenue growth guidance.
Portfolio Pulse from Benzinga Newsdesk
Infosys stock (INFY) is up following a report of higher-than-expected Q3 revenues and an increase in the lower end of its FY24 revenue growth forecast.
January 11, 2024 | 3:21 pm
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POSITIVE IMPACT
Infosys reported Q3 revenues that exceeded expectations and raised the lower end of its FY24 revenue growth guidance, indicating a positive outlook.
The positive earnings report and raised revenue guidance for FY24 suggest that Infosys is performing well financially, which typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100